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Students interested in receiving financial aid will need to file the FAFSA (Free Application for Federal Student Aid) on-line at www.fafsa.ed.gov.

To qualify for financial aid a student must be degree seeking and registered for at least 6 credits (by the end of the first week of classes during that semester). A student who is registered for less than 6 credits may be eligible to receive a Federal Pell Grant based on the results of the FAFSA. The Carroll College Financial Aid Office will review all students’ registrations and will complete financial aid awards for the semester based on the students’ enrollment at the end of the first week of classes. Financial aid will be disbursed at the beginning of the semester. Students must be enrolled in ALL OCICU TERMS by end of first week of Carroll College’s traditional semester in order to qualify for financial aid.

Steps for Applying and Receiving Financial Aid

• Student must be degree-seeking.
• Student must complete the FAFSA (Free Application for Federal Student Aid).
  • www.fafsa.ed.gov
• Student must be enrolled in six or more credits
  • Some students taking fewer than six credits may be eligible to receive a Federal Pell Grant (determined by FAFSA).
  • Students must be enrolled in ALL TERMS by the end of the first week of classes in order to qualify for financial aid. (This applies to Fall and Spring terms only)
• Financial aid will be disbursed to student at the beginning of the semester for Fall and Spring. Summer financial aid will be disbursed according to the summer session you are enrolled in.
• Students will be billed for both term one and term two classes at the beginning of the semester.

Definitions:

• Semester: A semester is the entire 15-to-16-week period for fall or spring.
• Term: A term is an eight-week course. Two eight-week courses can be combined into one semester.